Tiktok China owner appears to be slow-rolling negotiations for sale: Report

Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval from the Chinese government, even as President Donald Trump’s allies race to broker a deal to sell it to an American bidder, the Washington Post reported on Wednesday.

China is likely to take a hard-line approach, letting TikTok’s US operations die rather than approving a sale, as it holds out for a “grand deal” with Trump’s administration that includes larger concessions on trade and tech policy, the report said.